From the results announcement page 18 utilization was at 55% in January and is 63% now. That includes the U.S. and Australia but not the non-core (PPI and Caminosca) "portfolio companies".
The difference between 65% utilization and 85% is obviously pretty devastating.
It sort of backs up what the guys told you.
Ann: Final Director's Interest Notice - R Wankmuller-CDD.AX, page-8
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